TRP Current Ratio Analysis
Higher than 25% of Energy sector peers
Updated 408h ago·SEC filings & market data
Key Takeaway
The current ratio measures a company’s ability to cover short-term debts with its short-term assets; a ratio of 0.65x means TRP has only $0.65 in current assets for every $1.00 of current liabilities, indicating potential liquidity pressure.
Sector Performance
25th percentileTRP
0.65x
Sector Median
0.90x
Sector Avg
0.99x
Deep Analysis
The current ratio measures a company’s ability to cover short-term debts with its short-term assets; a ratio of 0.65x means TRP has only $0.65 in current assets for every $1.00 of current liabilities, indicating potential liquidity pressure.
TRP’s 0.65x sits below the Energy sector median of 0.90x and places the company in the 25th percentile among its peers, meaning three-quarters of sector peers have stronger short-term liquidity. The year-over-year and quarter-over-quarter changes are not available, so no trend direction can be assessed from the single data point. The combination of a low current ratio and no historical trend implies liquidity risk is present, but without prior data it is unclear whether this is a stable condition or a recent dip. This metric supports the overall NEUTRAL verdict by highlighting a clear weakness in liquidity that is balanced by the lack of evidence of further deterioration.
Frequently Asked Questions
What does the Current Ratio tell investors about TRP?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
How does TRP's Current Ratio compare to its sector?
TRP's Current Ratio of 0.65x compares to a Energy sector median of 0.90x, placing it in the 25th percentile.
Who are TRP's closest peers by Current Ratio?
The closest Energy peers by Current Ratio include: PXD (0.90x), APA (0.92x), NOVA (0.78x), VTLE (0.78x), CHRD (1.02x).
Learn More About Current Ratio
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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0.65x
Sector Median
0.90x
Sector Avg
0.99x
How TRP's Current Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.